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Service sector taps on brakes

Monday, December 05, 2011 - 00:42

Dec 5 - Summary of business headlines: U.S. service sector growth slows in November; factory orders fall for second month; Stocks up on European debt hopes. Conway G. Gittens reports.

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The U.S. services sector continued to expand in November, but the rate of growth was the slowest in almost two years, according to the Institute for Supply Management. In other data, factory orders fell in October, marking a second monthly decline, suggesting manufacturing could be slowing down. Markets are up across the board, showing confidence in Germany's Angela Merkel and France's Nicolas Sarkozy as they try to lead the euro zone out of a two year debt crisis. Conway Gittens, Reuters

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Service sector taps on brakes

Monday, December 05, 2011 - 00:42